SOL Bears Still in Control — But $76 Could Trigger a Short Squeeze #nosacapital #solana #liquidations #absorption
SOL is currently trading around $72.70 as sell-side pressure continues to dominate the market. One major warning sign is the extreme buy absorption, now nearly four times higher than sell absorption — a signal that aggressive buyers are being absorbed by sellers.
Despite the weakness, traders are watching the $76 level closely due to the large concentration of cumulative short liquidation leverage. If price pushes higher, short liquidations could accelerate volatility fast.


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